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The New York Department of State has issued new guidance that will end tenant-paid rental commissions for landlords who retain a real estate agent. It has caused an uproar from the local real estate industry, who'll look to pursue legal action and say the legislation will hurt tenants more than help them.
"The sales became a social welfare cause as all involved recognized that the facilities are a critical component of Miami Dade County's healthcare network for the underserved elderly and disabled."
M&T Bank has completed a $78 million loan with Two Trees Management, who will purchase land for the proposed development of two mixed-use towers and a six-acre park in Williamsburg, Brooklyn.
CA International, the international division of CA Ventures, reports it will invest $325 million to expand the firm's multifamily and student housing presence in the Mexico cities of Monterrey, Mexico City and Merida.
Up until his appointment, Brown served as senior project manager at CBRE, where he partnered with clients and managed efforts of design consultants and general contractors to achieve project goals.
New Jersey US Senators Cory Booker and Bob Menendez joined 13 other Northeast Senators in a letter to FRA Administrator Ronald Batory that the agency finalize and approve plans to immediately advance the Hudson Tunnel Project into the design and construction phase, noting the project secured draft Environmental Impact Statement approval in 2017.
Greystone, a national commercial real estate lender and investment advisory firm, has provided approximately $105 million in HUD-insured financing for the preservation of two New York City affordable housing developments.